Tuesday 8 April 2014

Back home

I'm back from an energizing break. I have been following the markets but not so frequently and my setup was not allowing to make daily posts. I can see that bears were busy while I'm gone. I reckon we are entering a dangerous territory this time especially considering DOW's recent rejection from the long term resistance.
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7 comments :

  1. jeff8 April 2014 at 23:42

    Bouraq, can you prove a channels chart for the NASDAQ?

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  2. Alberto Ornelas8 April 2014 at 23:56

    Hello Borauq, I really enjoy your post and they are very helpful. I was wondering what time frame you use for you charts. It seems like 1hr but I can't get the candles to match up always?

    Thank you for the great work

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  3. kiran9 April 2014 at 01:49

    Hi,
    Proud to tell that this's one unique place where trading through channeling is applied in awesome manner. Great site.

    Thx

    ReplyDelete
  4. sweden johanna9 April 2014 at 07:54

    Dax´s red channel looks like a bull flag and looks like wave 4, wave 3 starts about 6000 which is the first hit to the orange channel, it means that it should have a wave 5 maybe. Dax´'s orange channel is big wave c, wave c should have 5 wave. I do not know if it is right or not, just guess.

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  5. bouraq9 April 2014 at 12:15

    Or we may see a triple top on DAX which is happening at the moment. Even if we see another all time high, I think it will be short lived. The bottom of the orange channel should provide a decent rally maybe the 5th wave you are expecting.

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  6. jeff10 April 2014 at 05:16

    Thanks a bunch Bouraq! Looking forward to your thoughtful analysis on the NDX.

    ReplyDelete
  7. raziq10 April 2014 at 05:21

    I hope you enjoyed your vacation, well deserved. Thanks for putting the numbers on your charts, very helpful. QQQs chart will help a lot. thanks again in advance

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